More than half of American workers in a recent survey were found to be struggling with financial security. And if you are Black, Latino, or a woman, you are much more likely to be in that group.
These findings were published in the "Research Minute" blog by the Defined Contribution Institutional Investment Association (DCIIA). The blog is a series of short analytical reports on current retirement research and behavioral economics ideas.
The group is currently publishing analysis of a study entitled "Who Is Being Left Behind" which looks at financial security among American workers. The researchers surveyed 2,004 workers ages 21 to 75 via online surveys in the first quarter of 2021. Survey respondents were asked about various financial topics related to their long-term and short-term assets, as well as debt, financial wellness, and financial health questions.
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